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The steps taken from signing a contract with a Realtor to 
closing the deal can be a complicated process. The map below
is intended to help you understand everything that happens from
contract to closing.

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mortgage company

Mortgage Company

buyer applies for a loan

Buyer Applies for Loan

credit history

Credit History

Verification of Employment
(Current and Previous)

Verification of Bank Deposits

Credit Report

appraisal

Appraisal
(confirmation of property's value)

packaged

Information Gathered and Packaged

packages submitted

Loan Package Submitted to Underwriter

loan approval

Buyer's Loan Approved

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Lender Sends Closing Information

Contract Signed with Realtor

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Tim Cronin

"I will assure that your transaction is handled professionally, accurately, and responsibly."

 -Tim Cronin, Realtor

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D'Ann Harper
493 S. Seguin Street
New Braunfels, TX, 78130

family sees house

Title Company

title company

Contract and Earnest 
Money Picked Up

contract

Closer Enters Order

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Abstractor Gathers Information on the 
History of the Property

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Examiner Reviews the Abstractor's Research to Determine Whether or not the Title to the Property is Insurable

examiner
Commitment for Title Insurance Issued

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Everyone Wants
to
Close

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Closer f

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Preparation of Documents

After Receiving 
Instructions from lender:

  1. Survey

  2. Papers Ordered:
    Warranty deed
    Note
    Deed of trust
    Release of lien

  3. Pay of figures from existing loan

  4. Insurance endorsement

  5. Termite report and other inspections

  6. Closer/assistant sets up appointment with buyers, sellers and agents to close
Closing and 
Funding

Seller signs over 
deed to buyer

Lender releases all 
monies to the proper 
party via the title 
company

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CONGRATULATIONS! You've bought a home!